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We are in the process of purchasing a investment 2 family house. I would like to know what can be deducted or depreciated from the closing costs expenses ?
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Looking to purchase my first property and have been watching the market for a few months. Came across a 2 bedroom, 1 store front property in an inner city area. All 3 are currently rented and bring in $1500 per month ...
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Hey BP Gang!
I have a question for the group. I'm currently under contract for a triplex in Washington. Its about 3 hours from where I live and I'm considering purchasing a truck to take tools over. I own two other p...
I feel like a lot of the deals I look at would cash flow but when I run them through my analysis spreadsheet almost all lose money. I'm fine with being patient but I want to make sure there's not an error in my analy...
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Newbie investor here.I've read that I can deduct depreciation from my expenses.... What other non-cash expenses can I take out? A maintenance reserve? A vacancy reserve? Or is this not allowed?Also, I know I can deduc...
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I invest in commercial real estate and want to use Quickbooks to track my income, expenses, assets and liabilities. I am looking for resources for commercial real estate investors to enhance their use of Quickbooks. ...
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Hello all,So myself and my fiancé are looking at how to set up and manage our “House Hack” For this first unit I plan on going through first time home buy financing and renting the other units. We are trying to decid...
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Hey everyone I found another buy.
I talked to a real estate investor that is ready to get out of the market. He is ready to start unloading all his investments. He is 67 years old and ready to start getting out of th...
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Hi Fellow investors, I have been using BP to gain insights in real estate investing and have been applying them in my townhome rental units. This time i want to enter into multi-family investing and looking for some t...
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As entrepreneurs and investors, it is our job to pay as little in taxes as possible. However, maximizing deductions and paying little to nothing in taxes makes it look to lenders like we have low income! Has anyone co...